Green Mortgage Plan

Key Facts Statement/Schedule of Fees and Charges

BEA launches the Green Mortgage Plan (“the Plan”) to promote green living and sustainability in Hong Kong by encouraging customers to purchase property in sustainably designed and constructed buildings. These buyers will also benefit from future cost savings as a result of better energy efficiency.

The Plan is offered to prospective purchasers of first-hand, second-hand, or government-subsidised residences that have a valid provisional/final “Platinum” or “Gold” rating under the BEAM Plus New Buildings/Existing Building scheme of the Hong Kong Green Building Council. Details are as follows:

Eligibility:

• Any new mortgage or refinancing of first-hand, second-hand or government subsidized housing with valid provisional/final “Platinum” or “Gold” rating under BEAM Plus New Buildings/ Existing Buildings scheme

You can view the names of eligible properties at

https://hkgbc.org.hk/eng/beam-plus/beam-plus-dir-stat/BEAMPlusResProp/beamplus-resprop.jsp

Special features:

• SmartPro Drive Insurance Exclusive Offer^
• Extra "Green Mortgage Plan" Rewards
• Cash rebate of HK$300 for successfully online application
• Mortgage Deposit-Linked account

Promotional period:

• From now to 30 June 2025

Apply Now

The website auxiliary function is being optimized. If you encounter difficulties in using it, please contact any branch nearby or call 36088686 and we will provide appropriate assistance.  

^ SmartPro Drive Insurance Exclusive Offer:                                   

                                                 Supermarket e-Voucher

Offer valid till 28 February 2025

Plan Highlights

• Cover various types of private motor car, including hybrid and electric
• Third Party Legal Liabilities up to HK$100,000,000
• Electric Car Charger Third Party Liabilities Protection – encourages use of electric cars which are more environmentally friendly and sustainable
• Personal Accident to the Named Driver – cover car accidents occurred to the named driver while driving, reimburse up to HK$200,000
• New for Old Replacement Vehicle – if the insured motor car sustains total loss, it will be replaced with one of the same make and model without deducting depreciation
• Arrange and pay rental expenses for an alternate vehicle when the insured motor car is under repair after being immobilised due to an accident or being stolen, reimburse up to HK$6,000
• 24-Hour Emergency Roadside Assistance Services – help arrange emergency roadside repair, towing and more
• Optional Benefit – extended coverage for loss and damage to the motor car in Guangdong Province
• No Claim Discount (NCD) Protector – offer the same NCD upon next renewal when the sum of all claims (after excess) does not exceed HK$75,000 or 20% of the sum insured (whichever is less)

The above offers are subject to terms and conditions. For details, please visit https://www.hkbea.com/html/en/GREENM.html

SmartPro Drive Insurance is underwritten by Blue Cross (Asia-Pacific) Insurance Limited (藍十字（亞太）保險有限公司) (“Blue Cross”), a subsidiary of AIA Group Limited. The Bank of East Asia, Limited (“BEA”) is an appointed insurance agency of Blue Cross. This insurance plan is a product of Blue Cross but not BEA. All benefits payable under this insurance plan are subject to the credit risk of Blue Cross.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between BEA and the customer out of the selling process or processing of the related transaction, BEA is required to enter into a Financial Dispute Resolution Scheme process with the customer.

Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of AIA Group Limited. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees.

All insurance product information available in this email is not and shall not be construed as an offer to sell or a provision of insurance products to any person in any jurisdiction outside Hong Kong or a solicitation to such person to buy insurance products.

Green Mortgage Plan Terms & Conditions:

1. Customer may apply for a Green Mortgage (“Green Mortgage”) with The Bank of East Asia, Limited (the “Bank”) if the property is residential and certified at ”Platinum” or “Gold” rating by the Hong Kong Green Building Council (“Eligible Green Property”) via www.hkbea.com/greenmortgage/en. The minimum loan amount requirement for Green Mortgage is HK$1,000,000. Refer to https://hkgbc.org.hk/eng/beam-plus/beam-plus-dir-stat/BEAMPlusResProp/beamplus-resprop.jsp for more information on Eligible Green Properties.
2. Customer who has successfully applied for a Green Mortgage with the Eligible Green Property during the period from now to 30 June 2025. Customers will be entitled to a one-off cash subsidy of HK$1,000 (applicable to the Green Mortgage loan amount is HK$1,000,000 or above. The extra cash rebate will be rewarded to your designated BEA Banking accounts in a month.
3. Prime-based Mortgage Plan is applicable to Government Subsidized Housing Scheme.
4. Customer who has successfully applied for a Green Mortgage with the Eligible Green Property from 1 July 2024 onwards will be entitled to Mortgage Deposit-Linked account with saving deposit limit up to 50% of the outstanding principal of the loan, or the amount of a HK$20,000,000 whichever is lower.
5. The Deposit Cap Offer and Cash Subsidy Offer remain valid even if the certification of the Eligible Green Property changes or expires after final approval for the Green Mortgage by the Bank. For the avoidance of doubt, the rating certified by the Hong Kong Green Building Council may change from time to time.
6. For each eligible Green Mortgage, the maximum cash subsidy amount for all prevailing offers must not exceed 1% of the mortgage loan drawdown amount. If the sum of cash subsidy is greater than 1% of the aforesaid amount, the cash subsidy offered under all prevailing offer(s) will be included in the aforesaid amount for the calculation of Loan-to-value ratio (LTV).
7. In the event that the customer is also entitled to other prevailing promotional offer(s), the Bank reserves the right to provide only one offer at its absolute discretion.
8. The Bank reserves the right to vary, modify or terminate the offerings of Green Mortgage, and the terms and conditions from time to time without prior notice. In case of disputes, the Bank’s decision shall be final and binding.
9. Should there be any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall apply and prevail.

To borrow or not to borrow? Borrow only if you can repay! 

Terms and conditions apply.